Following a couple of disappointing market sessions, Shamika 2 Gold, Inc. (OTC:SHMX), finally struck back, to the delight of its supporters.
Closing trade at $0.0023 per share, SHMX gained 21% in value last Friday. Thus, the company returned to its Wednesday value. In terms of volume, more than 18.6 million shares of common SHMX stock changed hands by the end of the session, down 29% from its daily average trading volume.
Formerly known as Aultra Gold, Inc., SHMX is mainly focused on acquiring and exploring high-potential gold and mineral properties. At present, the company has a stake in a 140-square-mile Cambodian project, as well as a 17.5-square-kilometer Canadian property.
Oddly enough, SHMX has issued no news whatsoever for quite a while now. In addition, its official website is down as well, hence the lack of up-to-date information about SHMX’s current business activities.
SHMX concluded the quarter ended Sept. 30, 2011 with:
- zero cash;
- $15.8K in assets vs. $671K in liabilities;
- net quarterly loss of $344K.
